NVIDIA share price crash: After rising to its peak in mid-2026, NVIDIA's share price touched a new peak of $243.37 per share, and climbed to the record market valuation of $5.80 trillion. At this market valuation, NVIDIA's market cap briefly exceeded the net market value of the entire Indian stock market. The bull run in the stock continued despite short-seller Culper Research warning about the hidden Chinese problem with the AI giant in May 2026. However, the short sellers' warning came true and Jensen Huang resignation post-Chinese spying and other controversies are glaring example of it. In this crisis, NVIDIA's share price crashed over 26% in one month, and its market cap has come close to $4 trillion, recording around 30% wealth erosion from its peak of $5.80 trillion market cap.
Meanwhile, amid NVIDIA stock price crash, some investors may think of switching to other AI stocks like AMD, Brodcom, Micron, etc., as they are the biggest competitors of NVIDIA. In fact, shares of Broadcom and AMD have registered some strong buying interest amid NVIDIA shares.
On whether NVIDIA's leadership crisis after Jensen Huang's resignation, Sugandha Sachdeva, Founder of SS WealthStreet, said, “Investors are increasingly betting that the leadership crisis at Nvidia could create significant opportunities for its closest competitors. AMD could emerge as a potential beneficiary because its Instinct GPUs and AI accelerator roadmap directly compete with Nvidia's data-centre processors.”
Whether some other AI and Semiconductor stocks are expected to benefit from the NVIDI crisis, Sachdeva said, “Broadcom could benefit from the growing preference among major technology companies for custom-designed AI accelerators. Its expertise in custom AI chips and networking infrastructure positions it to benefit from companies looking to develop alternatives to conventional GPU-based AI systems.”
Sugandha Sachdeva of SS WealthStreet believes prolonged leadership uncertainty at Nvidia could accelerate the diversification of AI chip procurement, potentially allowing AMD and Broadcom to capture a larger share of the rapidly expanding AI semiconductor market.